New Celebrity Gossip from our friends at Perezhilton.Com!

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Lindsay Lohan is suing the E*trade Baby. Yes, that cute little guy you see directly above.

Okay, so technically she’s suing the company E*trade, but it’s still pretty crazy.

We’ll refer to her by her entire name, Lindsay Lohan, as we tell you this story, because apparently you can run into ALL TYPES of problems if you just use her first name.

Lindsay Lohan is suing E-trade because their commercial featured a “milkaholic” baby named Lindsay, which she felt was clearly a reference to her, and apparently her lawyer feels the same way.

E*trade argues that there are 250,000 women named Lindsay in the United States, and that Lindsay Lohan doesn’t have a trademark on her name, like Oprah, Cher, Madonna, or Beyonce.

Here’s what Lindsay Lohan’s lawyer, Stephanie Ovadia, has to say against E-trade’s argument. Get comfortable…this is a hefty read:
"As they say, 'What's in the name?' It is in the totality of circumstances that a particular name or person acquires popularity or notoriety. It is in (sic) totality of circumstances that a name or person becomes a distinguished name. Some names such as Bill, Hillary, Bush, Tiger, Paris, Johnny, Allen, are very common names. There may be millions, if not billions, of people with these names in the world. Some words may not necessarily be just the names for human beings but may convey other meanings also. For example, 'Tiger' is an animal and is associated with a jungle or zoo in a particular context. However, when used in the context of [the] Golf game world, it conveys (sic) totally different message."

And more babble from Lindsay Lohan’s lawyer:
"The issue, in (sic) case at bar, is not how many people in the USA are with the name 'Lindsay' or 'Lindsey'. The issue is how many celebrities are with this name 'Lindsay' in the USA, and then (sic) in the context, manner, characterization, persona…If Defendants take this name, 'Lindsay' in context of a celebrity name (sic) then by Defendants' own admission, there are only a few limited celebrities with this name around, and this number may not be more than four or five.'

Don’t worry about it if you skimmed this. We’re thinking the Court will probably do the same thing.

Who do U side with on this one?